What is the timeline for Midland States' current buyback authorization?

The board-authorized program permits repurchases through December 31, 2026. As of the Q2 earnings release (July 23, 2026), approximately $24.9 million of the original $45 million authorization remained available for execution in the remainder of 2026.

Does the buyback affect Midland States' regulatory capital ratios?

Management stated that the Company continues to execute repurchases while maintaining strong capital positions. As of June 30, 2026, the Company reported a common equity Tier 1 capital ratio of 10.39%, above the regulatory minimum of 7.00%, indicating adequate capital cushion for ongoing buyback activity.

Why is Midland States executing share repurchases?

The Company views repurchases as a capital management tool aligned with its transformation into a higher-performing community bank and its objective of returning capital to shareholders while supporting long-term value creation, provided regulatory capital levels remain healthy.

What execution mechanism did Midland States disclose for this buyback?

The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, or 10b5-1 plan). The Company disclosed only the aggregate dollar amount, share count, and weighted average price for Q2 activity.

MSBIP 8-K Filed 2026-07-23 Execution disclosure

Midland States repurchased $2.7M stock in Q2 under $45M program

Community bank executed 113,208 shares at $24.05 average; $24.9M authorization remains

Shares repurchased113K

Avg price paid$24.05

Remaining$25M

MechanismNot specified

What the filing says

Midland States Bancorp, Inc. reported that during the second quarter of 2026, the Company repurchased $2.7 million of its common stock, representing 113,208 shares at a weighted average price of $24.05 per share. This execution occurred under a board-authorized share repurchase program that permits the Company to repurchase up to $45.0 million of common stock through December 31, 2026, leaving approximately $24.9 million in remaining repurchase authority.

The Company noted in its earnings disclosure that share repurchases are part of its capital management strategy while maintaining strong regulatory capital ratios. As of June 30, 2026, Midland States Bancorp reported a total capital to risk-weighted assets ratio of 15.77% and a common equity Tier 1 capital ratio of 10.39%, both exceeding regulatory minimums and the Company's near-term targets.

The buyback activity aligns with the Company's stated objective of returning capital to shareholders while supporting its transformation into a higher-performing community bank. Management noted in its outlook that the Company remains focused on disciplined growth and leveraging its stronger financial position to deliver consistent earnings growth and long-term shareholder value.

As previously announced, the Company's board of directors authorized a share repurchase program, pursuant to which the Company was authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. During the second quarter of 2026, the Company repurchased $2.7 million of its common stock (113,208 shares of its common stock at a weighted average price of $24.05), resulting in approximately $24.9 million in remaining repurchase authority under the program. — Midland States Bancorp, Inc. 8-K filing · View on SEC EDGAR →

What this means

Midland States executed 2.4% of its authorized $45 million buyback program during Q2 2026, repurchasing roughly 0.5% of the weighted average 21.1 million shares outstanding that quarter. The $24.05 average price represents activity within the community bank's recent trading range. With $24.9 million of authorization remaining and a December 31, 2026 expiration, the Company retains flexibility to execute additional repurchases as capital levels permit. This buyback supports the Company's capital management objectives while it maintains regulatory capital ratios well above minimums, providing room for future distributions to shareholders.

Frequently asked questions

What is the timeline for Midland States' current buyback authorization?: The board-authorized program permits repurchases through December 31, 2026. As of the Q2 earnings release (July 23, 2026), approximately $24.9 million of the original $45 million authorization remained available for execution in the remainder of 2026.
How much stock did Midland States repurchase in Q2 2026?: The Company repurchased $2.7 million of common stock, consisting of 113,208 shares at a weighted average price of $24.05 per share. This represented a modest portion of the $45 million authorized program.
Does the buyback affect Midland States' regulatory capital ratios?: Management stated that the Company continues to execute repurchases while maintaining strong capital positions. As of June 30, 2026, the Company reported a common equity Tier 1 capital ratio of 10.39%, above the regulatory minimum of 7.00%, indicating adequate capital cushion for ongoing buyback activity.
Why is Midland States executing share repurchases?: The Company views repurchases as a capital management tool aligned with its transformation into a higher-performing community bank and its objective of returning capital to shareholders while supporting long-term value creation, provided regulatory capital levels remain healthy.
What execution mechanism did Midland States disclose for this buyback?: The filing does not specify the execution mechanism (e.g., Rule 10b-18 open-market purchases, ASR, or 10b5-1 plan). The Company disclosed only the aggregate dollar amount, share count, and weighted average price for Q2 activity.

execution community-bank capital-management Q2-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.